2023 GEL to TRY Historical Review

YEARLY HIGH

10.9878 TRY

YEARLY LOW

6.9227 TRY

YEARLY AVERAGE

9.0528 TRY

2023 GEL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 10.9878. Conversely, the yearly low was recorded on January 1, dropping to 6.9227.

This high-to-low spread represents a total annual volatility of 4.0651 TRY. From a start-to-finish perspective, comparing the January average rate of 7.0468 to the December average rate of 10.8356, the exchange rate registered a net change of 53.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.9878 was up 55.88% compared to the 2022 peak of 7.0489, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 54,939 TRY

2022 Average 28,680 TRY

Yearly Trough Low 34,614 TRY

Transaction Impact: A difference of 20,325.50 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.2145

6.6679

JanuMarcMayJulySeptNove

GEL to TRY Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 7.6797, compared to 10.4259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7463 points.

H1 Avg (Jan–Jun) 7.6797

H2 Avg (Jul–Dec) 10.4259

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.9751 TRY (High: 9.9984 / Low: 8.0233). On the other end, February was the most stable month, with a tight range of 0.1266 TRY (High: 7.1810 / Low: 7.0544).

June Spread (Volatile) ±1.9751

February Spread (Stable) ±0.1266

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0828 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 10.8356) against the same month in 2022 (average: 6.9722), the exchange rate shifted by +3.8635 (+55.41%).

2023 Avg (December) 10.8356

2022 Avg (December) 6.9722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	7.1532	6.9227	7.0468
February	7.1810	7.0544	7.1329
March	7.5282	7.1822	7.3668
April	7.8125	7.5282	7.6728
May	7.9686	7.6003	7.7777
June	9.9984	8.0233	9.0810
July	10.5167	9.8644	10.2373
August	10.4426	9.8330	10.2896
September	10.2866	10.0811	10.2067
October	10.4963	10.2379	10.3769
November	10.7214	10.4339	10.6094
December	10.9878	10.7121	10.8356